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Issues In Retirement Security
Issues in retirement security are growing economic concerns and societal issues over the ability of individual workers and other individuals in society to have an economically secure retirement. Main issues appear to arise from the general inability of maintaining the economic life-cycle model, that anticipates people to make proper savings during their working lives and eventually exhaust these resources in retirement in order to retain their existing consumption level. Variance per country The issues of economic security in retirement pertain to the following concerns. * Whether individuals are saving enough * Whether existing government programs for retired individuals are sufficient to support the average person * Decline in the existence of company-funded pensions for their employees * Whether workers are contributing enough to company retirement plans * Whether majority workers have a company retirement plan that they can contribute to United States One of the bigges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Life-cycle Hypothesis
In economics, the life-cycle hypothesis (LCH) is a model that strives to explain the consumption patterns of individuals. Theory and evidence Elderly dissaving is also influenced by the present factors that materially prevent them from the possibility of spending their previous savings. One of them is the loss of the driving license. An extended survey held in 1998, 2000, and 2002 among the U.S. retired citizens highlighted that "about 90% of the trips among people older than age 65 are in a private vehicle" and that driving cessation was highly correlated (46% to 63%, Tobit regression) to a reduction in spending on non basic needs such as trips, tickets, and dinings out. It is also relevant to distinguish elderly poor people in two basic tipologies: people who are poor on income, or those who are poor in terms of both income and consumption. While the life cycle hypothesis predicts the income and the consumption patterns of the elderly population, a series of research papers pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Ageing
Ageing (or aging in American English) is the process of becoming older until death. The term refers mainly to humans, many other animals, and fungi; whereas for example, bacteria, perennial plants and some simple animals are potentially biologically immortal. In a broader sense, ageing can refer to single cells within an organism which have ceased dividing, or to the population of a species. In humans, ageing represents the accumulation of changes in a human being over time and can encompass physical, psychological, and social changes. Reaction time, for example, may slow with age, while memories and general knowledge typically increase. Of the roughly 150,000 people who die each day across the globe, about two-thirds die from age-related causes. Current ageing theories are assigned to the damage concept, whereby the accumulation of damage (such as DNA oxidation) may cause biological systems to fail, or to the programmed ageing concept, whereby the internal processes (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Retirement
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job for health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when bodily conditions no longer allow the person to work any longer (by illness or accident) or as a result of legislation concerning their positions. In most countries, the idea of retirement is of recent origin, being introduced during the late-nineteenth and early-twentieth centuries. Previously, low life expectancy, lack of social security and the absence of pension arrangements meant that most workers continued to work until their death. Germany was the first country to introduce retirement benefits in 1889. Nowadays, most developed countries have systems to provide pensions on retirement in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Wage Stagnation
Real wages are wages adjusted for inflation, or equivalently wages in terms of the amount of goods and services that can be bought. This term is used in contrast to nominal wages or unadjusted wages. Because it has been adjusted to account for changes in the prices of goods and services, real wages provide a clearer representation of an individual's wages in terms of what they can afford to buy with those wages – specifically, in terms of the amount of goods and services that can be bought; however, real wages suffer the disadvantage of not being well defined, since the amount of inflation (which can be calculated based on different combinations of goods and services) is itself not well defined. Hence real wage defined as the total amount of goods and services that can be bought with a wage, is also not defined. This is because of changes in the relative prices. Despite difficulty in defining one value for the real wage, in some cases a real wage can be said to have unequivoc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Anne L
Anne, alternatively spelled Ann, is a form of the Latin female name Anna. This in turn is a representation of the Hebrew Hannah, which means 'favour' or 'grace'. Related names include Annie and Ana. Anne is sometimes used as a male name in the Netherlands, particularly in the Frisian speaking part (for example, author Anne de Vries). In this incarnation, it is related to Germanic arn-names and means 'eagle'.See entry on "Anne" in th''Behind the Name'' databaseand th"Anne"an"Ane"entries (in Dutch) in the Nederlandse Voornamenbank (Dutch First Names Database) of the Meertens Instituut (23 October 2018). It has also been used for males in France (Anne de Montmorency) and Scotland (Lord Anne Hamilton). In Ireland the name is used as an anglicized version of Áine. Anne is a common name and the following lists represent a small selection. For a comprehensive list, see instead: . As a feminine name Anne * Saint Anne, Mother of the Virgin Mary * Anne, Queen of Great Britain (1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Ganesh Sitaraman
Ganesh Sitaraman is an American legal scholar. He is a professor of law at Vanderbilt University, where he has also been a Chancellor Faculty Fellow and the director of the Program in Law and Government. He studies constitutional and foreign relations law. He is a longtime advisor to Elizabeth Warren, both before and during her political career. His books have addressed legal questions in counterinsurgency policy, the relationship between constitutional law and economic inequality, and the future of progressive politics in America. Early life and education The son of Indian immigrants, Sitaraman attended Harvard College, graduating with an AB in 2004. As an undergraduate at Harvard, he was friends with classmate Pete Buttigieg, a future 2020 Democratic presidential candidate and Secretary of Transportation. Together they started a progressive reading group called the Democratic Renaissance Project. In 2005, he graduated from Emmanuel College, Cambridge with an MPhil. He later ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Economic Classes
A social class or social stratum is a grouping of people into a set of hierarchical social categories, the most common being the working class and the capitalist class. Membership of a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social network. Class is a subject of analysis for sociologists, political scientists, anthropologists and social historians. The term has a wide range of sometimes conflicting meanings, and there is no broad consensus on a definition of class. Some people argue that due to social mobility, class boundaries do not exist. In common parlance, the term social class is usually synonymous with socioeconomic class, defined as "people having the same social, economic, cultural, political or educational status", e.g. the working class, "an emerging professional class" etc. However, academics distinguish social class from socioeconomic status, using the former to refer to one's re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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History Of Retirement
Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since the 18th century. Retirement as a government policy began to be adopted by countries during the late 19th century and the 20th century. 18th century and prior There had been a long practice beginning in the Roman Empire to the modern nation states of providing pension to those who had served in the military. Cotton Mather, the 18th century New England Puritan minister and author, proposed that elderly people should be "pleased with the retirement which you are dismissed into". 19th century In 1881, the conservative German chancellor, Otto Von Bismarck, in a maneuver against Marxists who were burgeoning in power and popularity, announced that anyone over 70 years old would be forced to retire and that he would pay a pension to them. Bismarck drafted the formal request by Emperor, William I in 1881 to the Reichstag: "...those who are disabled from work by age a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Retirement
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job for health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when bodily conditions no longer allow the person to work any longer (by illness or accident) or as a result of legislation concerning their positions. In most countries, the idea of retirement is of recent origin, being introduced during the late-nineteenth and early-twentieth centuries. Previously, low life expectancy, lack of social security and the absence of pension arrangements meant that most workers continued to work until their death. Germany was the first country to introduce retirement benefits in 1889. Nowadays, most developed countries have systems to provide pensions on retirement in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Baby Boomers
Baby boomers, often shortened to boomers, are the demographic cohort preceded by the Silent Generation and followed by Generation X. The generation is often defined as people born from 1946 to 1964 during the mid-20th century baby boom that followed the end of World War II. By this definition, as of 2025, the youngest of them is 61 and the oldest 79 years old. The dates, the demographic context, and the cultural identifiers may vary by country. Most baby boomers are the parents of Millennials. In the West, boomers' childhoods in the 1950s and 1960s had significant reforms in education, both as part of the ideological confrontation that was the Cold War, and as a continuation of the interwar period. Theirs was a time of economic prosperity and rapid technological progress. As this relatively large number of young people entered their teens and young adulthood—the oldest turned 18 in 1964, the youngest in 1982—they, and those around them, created a very specific rhetoric a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |